BTC retreated from a two-week high of $64,500 as falling open interest and weak spot demand cast doubt on the sustainability of July's 8.4% advance. Bitcoin retreated from a two-week high of $64,500 as falling open interest, weak ETF flows and a negative Coinbase premium raise doubts about whether the advance has legs. Shorts were again targeted, with over $500 million in leveraged positions wiped out in 24 hours, confirming that July's gains are largely driven by the short-squeeze se…
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